The square is named for the Franciscan church which stands here. It was consecrated in 1743. The significance of the square was highly increased with the building of the Elizabeth Bridge, which turned it into a major transport. Also on the square are the two Klotild Palaces, appearing as gateways to the bridge. These were built at the behest of the Austrian Grand Duchess Klotild Amalia in 1900 and have been National Heritage buildings since 1977. The North Palace is now the 5 star Buddha Bar Hotel and you will find our bus stop outside there.